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There is no lower to go as the Fed exhausts all of its tools. Japan in the 1990s is the only precedent.
Read →Moody's says that the government's bailout of GM is to involve a prepackaged bankruptcy, leaving equity holders with nothing. This is the last chance to get out at $4.
Read →Ecuador Defaults on Soveriegn Bonds, Calling Bondholders Monsters
Ecuador became the first nation to default on sovereign debt since the meltdown began.
Read →VCs are still investing.
Read →Government to Raid TARP to Fund Auto Bailout
All major media are reporting that the Treasury has agreed to extend cash to the automakers via the TARP program. This is the worst of all possible solutions.
Read →Legendary value investor Jeremy Grantham called the real estate and housing bubble and went into cash in the summer of 2008. He is now slowly dipping his toes back into the market despite still believing the market will drop further. Good video.
Read →NOVA Bank of Pennsylvania is offering an 18 month CD for 4.25% APY, a leading rate for that term.
Read →A CNBC/Portfolio survey of 800 respondents found that 35% are not confident or only somewhat confident their money is safe in an Federally insured bank. The FDIC fires back.
Read →The Federal share of the economy, that is government spending as a percent of GDP, will go over 25% next year, the highest level since WWII.
Read →The House just approved a $15 billion loan to the auto industry to help the Big Three keep going a bit longer. The bill has yet to be approved by the Senate although there is growing opposition. This seems like much tougher treatment than what the financial companies received. What going on here?
Read →Money market funds invested in Treasuries will provide a negative return to investors if the Fed cuts rates next week, as its widely expected to do. This will be the first time this has ever happened. It's another
Read →Active investing, otherwise known as stock picking is a trillion dollar industry that just doesn't work. Don't believe me? Look at what happened to Bill Miller, until last year considered one of the best stock pickers.
Read →In an auction on Tuesday, the Treasury sold $30 billion of short-term securities at a 0% interest rate. Investors were willing to accept 0 return to stash their cash. What does that say?
Read →The Fidelity Retirement Rewards Amex Card just launched and it rebates a high 2% into a Fidelity IRA. There is no annual fee and no minimum balance.
Read →Since I don't drive much, I like the idea of auto insurance that's usage based. This is also known as pay-by-the-mile or pay-as-you-drive insurance programs. Incentives to drive less is not only good for our wallets, but also good for the environment.
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